Choosing the right broker is critical, as they play a pivotal role in facilitating your trades, providing essential tools, and offering valuable insights. Two of the most popular and prominent names that emerge in the landscape of the Indian stock market areZerodhaandAngel Broking. While both platforms aim to empower your investment journey, they cater to distinct investor profiles and offer unique features.
To better understand their offerings and pricing, we have developed the comprehensiveAngel One vs Zerodhacomparison. We have compared these platforms based on their features, brokerage charges, account opening charges, trading platforms, advantages, and disadvantages.
Zerodha Vs Angel One Overview
Zerodha
Zerodha is one of the largest stock brokers in India. It was founded in 2010, to break barriers faced by traders and investors in India. As a customer-first online platform, Zerodha offers flat fees and no hidden charges for investing in stocks, derivatives, mutual funds, and more. With over 1.3 crore clients, Zerodha contributes to over 15% of all retail order volumes in India daily. Zerodha’s ecosystem includes a range of fintech services and educational resources, making it a comprehensive solution for investors.
Angel One
Angel One,formerly Angel Broking, is a prominent brokerage platform established in 1987. It is a full-service broker and provides a straightforward plat fee brokerage plan. The platform offers both online and offline trading through local branches. With Angel One, you can trade and invest in various financial instruments such as equity, F&O, commodity, currency, IPO, bonds, and mutual funds. The broker also offers advisory services such as stock recommendations and research reports.
Features of Angel One and Zerodha
Zerodha
- Trading and investing in a wide range of financial products such as stocks, commodities, currencies and IPOs
- Commission-free mutual fund investment through a separate platform named Zerodha Coin
- Bonds and government are securities available
- Intuitive trading platforms like Kite, Console, and Coin
- Zero brokerage for equity delivery
- Advanced trading and charting tools like TradingView and ChartIQ
- Leverage up to 20 times for intraday trading in equity and F&O.
- Call and trade feature available.
Angel One
- Diverse investment products are available including stocks, mutual funds, ETFs, US stocks, currencies, commodities, futures and options, bonds, etc.
- Provides online trading and local sub-broker/relationship manager services.
- Charges a flat fee brokerage of Rs 20 per order across all segments.
- Offers up to 5x margin for intraday trading.
- Provides free advisory for stocks and mutual funds.
- User-friendly trading platforms.
- Features 40 technical chart indicators for technical analysis.
- Offers an Angel brokerage calculator for pre-trade brokerage calculations.
- Provides research reports and advisory calls.
- 24/7 customer support and grievance redressal.
Angel Broking Vs Zerodha Charges
Zerodha
| Trading and demat account opening charges | Rs 200 |
| Zerodha AMC charges | Rs 0 |
| Demat account AMC | Rs 300 per year |
Angel One
| Trading and demat account opening charges | Rs 0 (Free) |
| Angel One trading account AMC charges | Rs 0 |
| Demat account annual maintenance charges | Rs 240/year |
Zerodha vs Angel Broking Brokerage Charges
Zerodha
| Zerodha charges | Equity delivery | Equity intraday | Equity futures | Equity options |
| Brokerage | Zero Brokerage | Zero Brokerage | Zero Brokerage | Flat Rs. 20 per executed order |
| Call & Trade Charges | Zero Brokerage | Zero | Zero | Zero |
| STT/CTT | 0.1% on buy & sell | 0.025% on the sell side | 0.01% on sell side | 0.05% on sell side (on premium) |
| Transaction charges | NSE: 0.00345% BSE: 0.00345% | NSE: 0.00345% BSE: 0.00345% | NSE: 0.002% | NSE: 0.053% (on premium) |
| GST | 18% on (Brokerage + SEBI charges + transaction charges) | 18% on (Brokerage + SEBI charges + transaction charges) | 18% on (Brokerage + SEBI charges + transaction charges) | 18% on (Brokerage + SEBI charges + transaction charges) |
| SEBI charges | ₹10 / crore + GST | ₹10 / crore + GST | ₹10 / crore + GST | ₹10 / crore + GST |
| Stamp charges | 0.015% or ₹1500 / crore on buy-side | 0.003% or ₹300 / crore | 0.002% or ₹200 / crore on buy-side | 0.003% or ₹300 / crore |
Angel One
| Charges | Equity delivery | Equity intraday | Futures | Options |
| Brokerage | Rs 0 (Free) | Rs 20 per executed order | Rs 20 per executed order | Rs 20 per executed order |
| Call & trade charges | Rs 20 per order | Rs 20 per order | Rs 20 per order | Rs 20 per order |
| STT/CTT | 0.1% on both Buy and Sell | 0.025% on the Sell Side | 0.01% on Sell Side | 0.05% on Sell Side(on Premium) |
| Transaction charges | NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 325 per Cr (0.00325%) (sell side) | NSE: 0.0019%, BSE Rs 0 | NSE: 0.05%, BSE: 0.005% (on premium) |
| GST | 18% on brokerage + SEBI fee + transaction charge | 18% on brokerage + SEBI fee + transaction charge | 18% on brokerage + SEBI fee + transaction charge | 18% on brokerage + SEBI fee + transaction charge |
| SEBI charges | 0.0001% of the turnover, for Agri futures: Rs 1 per crore | 0.0001% of the turnover, for Agri futures: Rs 1 per crore | 0.0001% of the turnover, for Agri futures: Rs 1 per crore | 0.0001% of the turnover, for Agri futures: Rs 1 per crore |
| Stamp duty | 0.015% | 0.003% | 0.002% | 0.003% |
Pros and Cons of Zerodha and Angel One
Zerodha
Pros:
- Considered widely a safe, reliable, and trustworthy broker.
- Zero brokerage on equity delivery.
- Offers charting tools and technical analysis tools.
- User-friendly trading platforms.
- Trading and investing in a wide range of investment products.
- A dedicated platform is known as Zerodha coin for mutual fund investment.
Cons:
- No investment advice or stock recommendations.
- No free forever AMC (Account maintenance charges).
- Unlimited monthly trading plans are not available.
- Additional charges for call and trade.
Angel One
Pros:
- Angel One offers full-service broker services with minimum charges.
- It offers a relationship manager as well as offline services.
- Provides free recommendations on ARQ (Robo advisory app).
- Lets you invest in corporate bonds.
- Flat brokerage fees of Rs 20 for all segments.
Cons:
- No 3-in-1 account is available.
- Do not provide advanced order types such as GTT (Good till triggered) and GTC (Good till canceled).
- Offers call and trade fees but charges Rs 20 for the broker assistance.
Trading platforms of Zerodha and Angel Broking
Zerodha
- Kite Web: An HTML5-powered, browser-based platform designed for a swift and user-friendly trading experience across a range of assets such as stocks, futures, options, commodities, and forex.
- Kite Mobile App: The Kite mobile app features a smart interface and advanced charting tools to enhance the trading experience on the go.
- Zerodha Coin: Zerodha Coin is a specialized platform for commission-mutual funds investments.
Angel One
- Angel One Super App: This app offers advanced features such as smart portfolio checking, advanced charts, and various order types. It provides free research recommendations and stock suggestions from experts.
- Angel One Trade: It is a browser-based trading platform that allows you to utilize advanced technical analysis tools and gives you access to Angel One’s research reports.
- Angel SpeedPro: This is a desktop trading software that simplifies trading on your computer with real-time market updates, news, and reports.
Angel One vs Zerodha Comparison
| Features | Zerodha | Angel One |
| 3 in 1 account | No | No |
| Demat account AMC | Rs 300 | 240/year |
| Charting tools | Yes | Yes |
| Call and trade feature | Yes | Yes |
| Automated trading | Yes | Yes |
| GTT order | Yes | No |
| Margin facility | Yes | Yes |
| Commodity trading | Yes | Yes |
| Currency trading | Yes | Yes |
| Relationship manager | No | Yes |
| Mutual fund investment | Yes | Yes |
| IPOs | Yes | Yes |
| Free recommendations | No | Yes |
Conclusion
In conclusion, Zerodha and Angel One are popular and prominent trading platforms in India. Both offer competitive pricing and features. Zerodha is well known for its advanced and user-friendly platforms like Kite, Coin, and Console, as well as other integrations. If you want to trade with advanced trading tools and integrations, consider choosing Zerodha. On the other hand, Angel One provides a full-service brokerage experience with a flat fee of Rs 20 per order, free recommendations, and a comprehensive Super App. Further, Zerodha does not offer investment advice or free AMC. Therefore, if you want full-service broker services at minimum charges, Angel One will be your best option.
FAQs on Zerodha and Angel One
Q1. What is Zerodha?
Ans- Zerodha is a prominent discount brokerage firm in India, offering online trading services across various segments like equities, commodities, currencies, and derivatives.
Q2. What is Angel One?
Ans-Angel One, formerly Angel Broking, is a full-service brokerage firm in India that offers a wide range of financial products and services, including trading and investment solutions.
Q3. How does Zerodha work?
Ans- Zerodha provides a platform for investors to trade in financial markets through its online trading platform and mobile app. Users can execute trades, monitor portfolios, and access research and analysis tools.
Q4. How does Angel One work?
Ans- Angel One provides an online trading platform and mobile app for investors to buy and sell stocks, commodities, currencies, and derivatives. They also offer research reports, investment advisory services, and portfolio management solutions.
Q5. What are the brokerage charges at Zerodha?
Ans- Zerodha follows a discount brokerage model, charging a flat fee per trade irrespective of the trade volume. Equity delivery trades are free, while intraday and derivatives trading incur a nominal fee. Brokerage can also be calculated using the Groww app brokerage calculator.
Q6. What are the brokerage charges at Angel One?
Ans- Angel One’s brokerage charges vary depending on the type of trade and segment. They offer different pricing plans, including flat fee and percentage-based brokerage models.
Q7. What are the account opening procedures at Zerodha?
Ans- Opening an account with Zerodha involves completing an online application form, submitting KYC documents, and verifying your identity through Aadhar-based eKYC or in-person verification.
Q8. Can I invest in mutual funds through both Angel One and Zerodha?
Ans- Yes, Both offer a platform for investing in mutual funds, providing access to various schemes from various asset management companies.
Q9. Which platform offers lower brokerage fees, Zerodha or Angel One?
Ans- Zerodha typically offers lower brokerage fees than Angel One, especially for intraday and equity delivery trades.
Q10. What types of investment products can I trade on Zerodha and Angel One?
Ans-Both platforms allow trading in stocks, commodities, currencies, derivatives, mutual funds, and IPOs.
Q11. How secure is Zerodha’s trading platform?
Ans- Zerodha employs robust security measures to protect users’ data and transactions, including encryption, two-factor authentication, and regular security audits.
Q12. Can I trade in international markets through Zerodha and Angel One?
Ans-No, currently, neither platform offers trading facilities for international markets. However, they may introduce such services in the future.
Q13. Does Angel One offer educational resources for investors?
Ans- Yes, Angel One provides educational resources such as research reports, market insights, webinars, and tutorials to help investors make informed decisions about trading and investing.
by Instockbroker Team | May 27, 2024
